Subsidies

Foxconn and Dixon Call on India to Settle Outstanding Production Subsidies

3 months ago

In a significant move that underscores the future of manufacturing in India, Foxconn Technology Group and Dixon Technologies have jointly urged the Indian government to expedite the disbursement of pending production subsidies. These subsidies were aimed at incentivizing companies to boost local manufacturing and reduce dependence on imports, particularly in the electronics sector.

China Unveils Subsidies for Smartphone Purchases to Stimulate Consumer Spending

3 months ago

In a strategic move to bolster consumer spending, the Chinese government has announced a new subsidy program aimed at incentivizing smartphone purchases. This initiative is part of a broader effort to rejuvenate the economic landscape, which has been facing headwinds in the wake of slower growth and changing consumer behavior.

Ford Urges UK Government for Subsidies to Enhance Electric Vehicle Sales

6 months ago

Ford Motor Co., one of the leaders in the car-making industry, asked for financial support from the government of the UK so that it could expand its electric vehicle production. In a bid that will mark a significant milestone in trying to give the company a better grip on the fast-growing electric vehicle market segment, Ford is pushing for subsidies that will ease the financial burden on consumers and spur electric vehicle sales.

Germany’s EV Sales Collapse – Is This the Beginning of the End for Europe’s Auto Market?

7 months ago

Electric vehicle (EV) sales have seen a sharp slump not just in Germany but across all European car markets. The situation is extremely disturbing to automakers and economists as sales figures point out a worrying sign.